Brief: Salzgitter AG - 9M Revenue 9.0 Bln EUR

Salzgitter AG

10/11/2025 06:08

Nov 10 (Reuters) - German steelmaker Salzgitter SZGG.DE lowered its outlook for the second time in 2025 on Monday, seeing its sales and earnings at the low end of the prior target ranges, and said market conditions had shown little improvement since the beginning of the year.

The company added recent signs of moderate price increases were not expected to be reflected in sales and earnings until next year.

It expects annual sales of just above 9 billion euros ($10.5 billion), down from the earlier range of between 9.0 billion and 9.5 billion euros. It also narrowed its core profit range to between 300 million and 350 million euros, versus 300 million to 400 million euros previously.

Salzgitter said its loss before taxes would be between 50 million and 100 million euros. It had formerly guided for the metric to land between a loss of 100 million euros and breakeven.

($1 = 0.8575 euros)

(Reporting by Bernadette Hogg and Emanuele Berro in Gdansk, editing by Milla Nissi-Prussak)

((Bernadette.Hogg@thomsonreuters.com; +48 58 746 92 01;))